# Buncombe County

### Summary

36.0%  
share of renter households  
42.3%  
share of low-income households  
48.7%  
share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households               | % share  |
|--------------------------|----------|
| Renter households         | 37,236   | 36.0%  |
| Homeowner households      | 66,339   | 64.0%  |
| Total households          | 103,575  | 100.0% |

#### Low-income renter households

| Households                    | % share  |
|-------------------------------|----------|
| Extremely low-income (≤30% AMI) | 5,133   | 13.8%  |
| Very low-income (31-50% AMI) | 3,520    | 9.5%   |
| Low-income (51-80% AMI)      | 7,113    | 19.1%  |
| All low-income households (<80% AMI) | 15,766 | 42.3%  |

#### Rent-burdened households

| Households                    | % share  |
|-------------------------------|----------|
| Moderately rent-burdened     | 10,644   | 28.6%  |
| 30.0–34.9%                   | 3,928    | 10.5%  |
| 35.0–39.9%                   | 2,910    | 7.8%   |
| 40.0-49.9%                   | 3,806    | 10.2%  |
| Severely rent-burdened       | 7,486    | 20.1%  |
| All rent-burdened households  | 18,130   | 48.7%  |

### Affordable housing shortage

#### Rent vs median household income

| Year      | Median household income ($) | Median rent ($) | Increase (2010–2021) |
|-----------|-----------------------------|-----------------|-----------------------|
| 2010      | 29,129                      | 431             |                       |
| 2021      | 39,607                      | 970             | 36.0%                 | 125.1%

#### Affordable housing stock

| Supply (current stock) | Demand (total units needed) | Shortage  | Supply/Demand Ratio |
|--------------------------|-----------------------------|-----------|---------------------|
| 1,677                    | 8,567                       | 7,381     | 19.6%               |

## **HUD National Low Income Housing Tax Credit (LIHTC) Database**

| Name                                | Type                                      | Year | Zipcode | Market Rate | Low-income   | Amount         |
|-------------------------------------|-------------------------------------------|------|---------|-------------|---------------|----------------|
| HIGHBRIDGE OVERLOOK                 | New construction                          | 2014 | N/A     | N/A         | 60% AMI      | $1,804,887     |
| IRVINGTON FAMILY APTS               | New construction                          | 2007 | N/A     | N/A         | 60% AMI      | $1,378,252     |
| HILLTOP VILLAGE                     | New construction - Acquisition and Rehab  | 2012 | N/A     | N/A         | 60% AMI      | $504,385       |
| HUNTINGTON RESERVE                   | NA                                        | 2006 | N/A     | N/A         | 60% AMI      | $424,046       |
| HOLT + HAMILTON FAMILY APARTMENTS   | New construction                          | 2016 | N/A     | N/A         | 60% AMI      | $1,557,010     |
| INTERVALE GARDENS LLC               | New construction                          | 2008 | N/A     | N/A         | 60% AMI      | $659,087       |
| HOMES OF RENAISSANCE PRESERVE II    | New construction                          | 2012 | N/A     | N/A         | 60% AMI      | $1,510,000     |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction                          | 2013 | N/A     | N/A         | 60% AMI      | $674,261       |
| IMPERIAL GARDENS FAMILY APTS        | New construction                          | 2009 | N/A     | N/A         | 60% AMI      | $1,142,750     |
| HOLLY HEIGHTS I + II APARTMENTS     | Acquisition and Rehab                     | 2016 | N/A     | N/A         | 60% AMI      | $435,816       |